Nations across the globe are realizing how crucial nuclear energy is to reaching net-zero goals. Nuclear power generates electricity without carbon or climate change. The International Energy Agency (IEA) says that the size of the nuclear sector will need to double in the next 20 years if the world is to reach its goal of having net-zero emissions. To meet the demand for new, better nuclear reactors, the world must invest over $1 trillion.
The current energy crisis in Europe also makes uranium a desirable alternative, and numerous nations have already changed their nuclear energy policy to lengthen the lifespan of power facilities.
The Inflation Reduction Act, which provides $369 billion in money to fight climate change and $700 million of it specifically for the US nuclear energy sector, has also been authorized by the US government.
Sentiments towards uranium are also shifting in Japan 11 years after the Fukushima tragedy, with over 60% of Japanese people now supporting restarting nuclear power plants.
The uranium market is finally recovering from a 10-year slump that closed mines, slowed development projects, and bankrupted many exploration companies. Countries are scrambling to ensure they have enough oil to meet their energy goals due to a significant drop in global stockpiles, a lack of near-term production, and the possibility of a supply shortage.
As uranium prices rise, new mines are opening up to supply the expanding demand. Nuclear fuel consumers are staying away from major suppliers like Russia and Kazakhstan due to the conflict, but uranium mines in Canada could aid in the nuclear resurgence.
A bull market for uranium is imminent, according to a recent market assessment from The Oregon Group. The Oregon Group does market research on investments, and was created by independent capital market specialists Justin Cochrane and Anthony Milewski. Milewski is an investor and entrepreneur who has spent the majority of his career working in the mining sector as a founder, consultant, and investor.
The Oregon Group Says a 10-year Bull Market for Uranium Is Coming
Milewski and The Oregon Group predict that the number of nuclear reactors that use uranium as fuel will increase overall, which will benefit the uranium market.
The report “The Start of the Uranium Bull Market and the Coming of the Second Atomic Age” details some of the most critical factors that have led to this growth, such as decarbonization, the commercialization of small modular reactor technology, and energy security.
In addition, a market analysis of uranium reveals that there has been a significant decline in worldwide stockpiles, no new production will start any time soon, and there may be a supply shortfall.
Some of the most important aspects of the report include:
- The European Union may now provide nuclear energy with green financing worth billions of dollars. One of the most energy-dense fuels, uranium, is used in nuclear reactors to produce clean energy. The same forces have changed people’s attitudes regarding uranium and nuclear power globally. The majority of Japanese people currently support reactivating their reactor fleet.
- The 10-year uranium downturn is finished. As uranium prices increase, mining will resume. Supply won’t soon match demand due to dwindling reserves and grades at current producers and the need for more advanced development projects. Producers say that improved pricing incentives are required for new output.
- The supply side is still recovering after a decade of low investment, mergers, and warnings from leading producers that fresh production demands high prices. Due to these supply issues, the value of uranium stocks has increased during the last two years.
The report covers the major trends that are expected to keep prices high for a very long time and provides a wealth of information on this fascinating sector. The report also includes exchange-traded funds and uranium stocks (ETFs).
In conclusion, investors would want to keep an eye on this market right now because it’s just starting what could turn out to be a protracted bull market for uranium.
The Oregon Group’s “The Start of the Uranium Bull Market and the Coming of the Second Atomic Age” can be read in its entirety here.
SOURCE The Oregon Group
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